Dogecoin Price Analysis: Three Critical Levels as DOGE Comes Under Selling Pressure

Dogecoin price is struggling to regain bullish momentum, with its price trading at $0.07931, down 0.58% at the time of writing. DOGE remains below its key moving averages, while its Relative Strength Index (RSI) indicates that buying momentum is still weak. Meanwhile, Dogecoin’s reported acceptance through Shopify-supported cryptocurrency payment providers has brought renewed attention to its real-world utility. Although the development highlights DOGE’s potential use in online payments, the price chart continues to reflect selling pressure. Traders are now watching key support and resistance levels to assess whether DOGE can recover. At the time of writing, DOGE was trading at $0.07931, down 0.58%, based on the TradingView chart provided. The daily chart indicates the price is still below its 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs).

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